Morning journal and courier., 1887-08-06
PRESIDENT SHERRY RESIGNS.

The Derby's President, Joel A. Sperrys
 Hands i'm His Resignation and Col
 Onel William HI. Stevenson or the
 HowsatOm1c is Elected Nm HIS PAace-
 An Executive Committee Elected
 The Present EmPlOyes OH the DerOy
 to be Retained.
 It was predicted that the meeting of the
 Derby road directors, held at late hour yes
 terday afternoon, would be lively one, but
 such was not the case. President Joel A.
 Sperry was unav oidably absent owing to ill., ness.
 The New York millionaire, William H. Starbuck, and Vice President Stevenson ot the Housatonie road arrived in the city from Bridgeport on an early afternoon train. It was shortly before o'clock that the meet ing was called to order, these directors being present: Isaac Anderson, William H. Steven son, William H. Starbuck, Royal M. Bas sett, Thomas Wallace and W. E. Downes The following communication was handed in by Secretary Kellam:
 NEW HAVEN, Aug. 4, 1887. To A. H. Kellam, secretary New Haven ano ! Derby railroad company:
 Dear Sir-I hereby tender my resignation
 as president of the New Haven and Derby | JOEL A. SHERRY. Hardly had the secretary finished reading ! the letter when Mr. Starbuck nominated Col | onel William H. Stevenson as president ot | the Derby road. MT. Stevenson was unani. \ mously elected. The change in the bylaws \ whereby three directors can call together g \ meeting of the stockholders was adopted | next An executive committee was elected | consisting of Messrs. Bostwiek, Starbuck and |
 The meeting adjourned subject to the call | of the chair.
 | After receiving congratulations President | Stevenson and MT. Starbuck sauntered over | to the Union depot where COURIER reporter ! met them. MT. Stsrbuck said that nothing | had yet been decided on as to the route | which the extension of the Derby is to take. | The engineers are at work now in the Housa- \ tonic Valley, but the route is unsettled and I we can say nothing about it as yet. He said ! that there was nothing new at all in the New England or Derby matter.
 I President Stevenson said that there would be no change whatever made in the employees of the Derby. Treasurer Atwater and Super intendent Quintard will be retained. The colonel was in an uncommunicative mood. MT. Thomas Wallace of Derby, one of the directors who attended the meeting yester- day, had this to say when asked about the Consolidated road parallel: "The Consoh- dated people are only working on the idea that the Derby cannot handle all of it's freight \ on the one freight train which is allowed to ! be run to the steamboat dock. The trustees can modify the contract in my opinion so that more trains can be run if necessary. The people of Derby will stick by the Derby. I hardly think that any merchants up our way would patronize parallel road if the Derby treats them fairly"
 EfMr Starbuck can now control the Derby in every sense of the word," said one of the solely because he did not want to block the way of MT. Starbuck in whatever he might undertake MT. Sperry has reaped no bene-
 fit from the Derby and he held his position
 as long as he did simply because he thought he
 owed it to the minority stockholders who elect
 ed him. Many of these are now selling out
 to Mr. Starbuck and there was no longer any
 need for him to stand by the ship"